Cohabitat Foundation
- Assets
- $287.2k
- Revenue
- $244.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Shreveport, LA
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-1566437
Organization Overview
Cohabitat Foundation is located in Shreveport, LA. The organization was established in 2010. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cohabitat Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cohabitat Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cohabitat Foundation generated $244.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $304.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COHABITAT FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION WHOSE MISSION IS TO FOSTER ECONOMIC GROWTH BY PROVIDINGINTERNAL AND EXTERNAL RESOURCES, TOOLS, AND PROGRAMS FOR ALL THOSE WHO WISH TO START AND/OR GROW A BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIZTRAX - BUSINESS ACCELERATION SERVICES INCLUDING COACHING, WORKSHOPS, NETWORKING EVENTS, AND CO-WORKING SPACE TO SUPPORT EXISTING SMALL BUSINESS GROWTH AND INNOVATION.IN 2022, BIZTRAX COMPANIES CREATED 33 NEW JOBS, RETAINED 28 JOBS, AND PROJECTED OVER $6 MILLION IN INCREASED REVENUE.
YOUTHTRAX (K-12 ENTREPRENEURSHIP PROGRAMMING).
DEVTRAX - SERVICES INCLUDING CEO ROUNDTABLES FOR SECOND STAGE COMPANIES AND PRACTICAL WORKSHOPS/CLASSES TO STRENGTHEN BUSINESS STRATEGY AND OPERATIONS FOR ALL.CEO ROUNDTABLE SERVED MORE THAN 25 SECOND STAGE BUSINESS DECISION MAKERS IN 2022. 100% OF PARTICIPANTS REPORTED LIKELIHOOD OF ADDING MORE EMPLOYEES83.5% REPORTED LIKELIHOOD OF IMPROVING PROFITABILITY100% SAID THEIR BUSINESS IS LIKELY TO GROW IN THE NEXT YEARCOHAB HOSTED IN PERSON AND ONLINE BUSINESS TRAINING AT STAGES THROUGHOUT THE YEAR.
SHARED KITCHEN - COMMERCIAL KITCHEN PROVIDING AFFORDABLE FOOD PREPARATION AND STORAGE SPACE FOR LOCAL ENTREPRENEURS TO START AND GROW FOOD BUSINESSES.OVER 20 LOCAL FOOD COMPANIES ACTIVELY USING KITCHEN SERVICES AND FACILITIES.ENABLED LAUNCH OF BUSINESSES LIKE DRIPP DONUTS AND PREP CAKES THAT EXPANDED TO BRICK-AND-MORTAR LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilton Nicholson Board Member | Trustee | 1 | $0 |
Anna Gleason Board Member | Trustee | 1 | $0 |
Audrey Robinson Board Member | Trustee | 1 | $0 |
David Rockett Ex-Officio Member | Trustee | 1 | $0 |
Liz Swaine Ex-Officio Member | Trustee | 1 | $0 |
Lauren Telep Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,029 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,426 |
| Total Program Service Revenue | $79,869 |
| Investment income | $1,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,824 |
| Compensation of current officers, directors, key employees. | $16,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,370 |
| Office expenses | $12,530 |
| Information technology | $4,148 |
| Royalties | $0 |
| Occupancy | $60,933 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,225 |
| Insurance | $4,356 |
| All other expenses | $13,510 |
| Total functional expenses | $304,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,942 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,127 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,477 |
| Net Land, buildings, and equipment | $126,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,167 |
| Accounts payable and accrued expenses | $8,601 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $153,200 |
| Other liabilities | $0 |
| Total liabilities | $161,801 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $125,366 |
| Total liabilities and net assets/fund balances | $287,167 |